Tweet

Franchising Continues to Work Better Than a Stand-Alone Business

Written by: Michael Hemenway

Article Overview: A franchise business offers you the peace of mind, which a stand-alone business can’t. In a franchise business, you don’t have to start from the scratch, but can reap great returns from the very beginning unlike a stand-alone business.

Franchising Continues to Work Better Than a Stand-Alone Business

Before you make your final decision to start a business, you are supposed to go through some necessary steps and take a lot of additional decisions. Just for instance, setting up a business all by yourself requires you to:

· Select the kind of trade you want to invest in,
· Search for a perfect location, ensuring that your business will work well there,
· Arrange for financiers or loan and win over them by explaining your business plans,
· Set up a effective business plan,
· Make the entire arrangement within your budget, and many more!

If you wish get rid of all these hassles and make a smooth admission into the business world, a preferred way is starting a franchise business. A franchise business is a much better alternative of initiating a business and gaining easy and quick returns on your investment.

· A franchise is an independent operation that makes you a part of an already-established brand. You don’t have to be apprehensive about the initial success of your trade, since the brand is already well known. You are likely to get customers from day one. Unlike a stand-alone business, where it takes several years in developing a brand name, a franchising business is an already successful concept.

· When you buy a franchise, the franchisors are always there to support you in running the business. Since they have already achieved success after establishing the brand, it’s easy for them to transfer the key secrets behind their achievement. They are always there to assist you in marketing your business and crafting a killer business plan for you. Thus, the additional risks pertaining to the business is much lower compared to a stand-alone one.

· In a stand-alone business prior experience or knowledge is a must, unlike a franchise where even a novice can turn into a businessman! All you require is the zeal to learn and excel in the field. An inexperienced person finds it tough to gather investors or financiers for his business. But in a franchise business, the franchisors help you in arranging loans, selecting real estate, getting permits, surveying market and even in decorating the store. Moreover, there’s no additional hassle of selecting a logo or arranging for a license, as you can use the already trademarked logo of the franchisor.

· To make things easier, the franchisor provides its franchisees with the necessary training and support. Thus, for all aspects of business operation, the franchisor is there to assist you, starting from assisting in settling on the price to helping you in taking any other major decision.

· Any business has its allied problems. A stand-alone requires you to settle all by yourself. However, the support system in a franchise business can pull you out of any trouble related to your trade.

· A franchisee showers you with good discounts from suppliers/manufacturers owing to the sheer size of the order. Thus, if compared to stand-alone business, franchisees can sell the products at a much lower price, thus attracting more customers and making higher profits.

Related Articles
  Franchising Is a Better Path to Success than Opening a StandAlone Business
  Newsworthy Trends in Franchising
  Franchise Business: Right Time For Career Change?
  The Top 7 reasons why Franchising is Better than a Brand New Business
  Dental Care Insurance For The Self Employed

Article Tags: admission, brand name, business plan, business world, businessman, decisions, final decision, financiers, franchi, franchise business, franchising business, franchisors, hassles, independent operation, inexperienced person, initial success, necessary steps, novice, setting up a business, zeal



Related Forum Posts
New Small Business Topic - Hello everyone, I'm on the lookout for new topics to add to my site. We just launched a Franchising section and are planning Human Resources section. Do you have any thoughts for a new section? Here's a list of what we currently have: Angel Investors Branding Bank Loans Business Coaching Business Plan Franchises (New) Insurance Legal Marketing Public Relations Sales Small Biz Loans Venture Capital
Re: Hello EvanCarmichaelers, and Thanks! - "Carmichaelers" ..nice.. Over at the Young Entrepreneurs I'm going to start calling my readers "DSilvelers" - I like the sound of that! Welcome on board theFranchiseMarket. Do you run a Franchise Business or are involved in Franchising in anyway?
My entry - 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read - this is a fascinating book about the history of Business theory, and I'd recommend it to anybody. 2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto. 3. PADI: The Business of Diving Book Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
Books for Women Entrepreneurs - There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here. It doesn't matter how successful you are in your business - it's always possible to learn something new. In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment! 1. The Old Girl's Network 2. Mother's Work 3. The 7 Greatest Truths About Successful Women 4. Pitch Like A Girl 5. Workplace Warrior 6. Treasure Hunt: Inside the Mind of the Modern Consumer 7. Contingency Planning & Disaster Recovery 8. She Wins, You Win 9. Napoleon On Project Management 10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do 11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years 12. The One Minute Millionaire 13. Talking From 9 to 5 14. Soloing: Realizing Your Life's Ambitions 15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success 16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded 17. Fail-Proof Your Business: Beat the Odds and be Successful 18. Confidence: How Winning Streaks and Losing Streaks Begin and End 19. Women Don't Ask: Negotiation and the Gender Divide 20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen 21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business 22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker 23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business 24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises 25. Net Ready: Strategies for Success in the E-conomy 26. The Promotable Woman 27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it 28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home 29. Secrets of Six-Figure Women
Re: Top 50 Lists - Hi Evan, How about "Top 50": -Inventor Blogs To Watch -Franchising Blogs To Watch -Business Book Review Blogs -Women Entrepreneur Blogs -Young Entrepreneur Blogs


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

ROSI Return on SUNK Investment

How To Calculate A Minimum Fee For Your Services

••••••>SEO Tip Of The Day: HTML Validation

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.